Join ExamsbookAnswer : 3. "Rs. 7000"
A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum ?5
Q: A certain sum is invested at simple interest at 18% p.a. for two years instead of investing at 12% p.a. for the same time period. Therefore the interest received is more by Rs. 840. Find the sum ?
- 1Rs. 5858false
- 2Rs. 8800false
- 3Rs. 7000true
- 4Rs. 6350false
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Answer : 3. "Rs. 7000"
Explanation :
Answer: C) Rs. 7000 Explanation: Let the sum be Rs. S.(S x 18 x 2)/100 - (S x 12 x 2)/100 = 840 => 36S/100 - 24S/100 = 840 => 12S/100 = 840 => S = 7000.